$2,030,000
1958 Pine, Long Beach CA 90806
Multi-Family (10 Units)
Property type
30 days
On market
$286
Price per sqft
0 cars
Garage
1953
Year built
6,742 sqft
Lot size
Open Houses
Overview
Priced to sell! This well-performing 10-unit building is located in the South Wrigley neighborhood of Long Beach. The rear garages were converted to 2 brand-new 1BD/1BA ADU's at 485 square feet each. Priced with very high in-place cash flow at close with actual rents resulting in an 8.85X GRM and 7.3% cap rate. New electrical meters and main installed. This 1950's built...
Listing provided by: Malcolm Zeger DRE #02013882, Buckingham Investments, Inc
Listing updated: May 12, 2026 at 05:27pm.
Last checked: Jun 5, 2026 at 01:30pm
Source: CRMLS #SB26098552
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $2,050 | $2,050 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,995 | $1,995 | $1,995 | Unfurnished |
| 1 | 2 | 1 | — | $1,795 | $1,795 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $1,995 | $1,995 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $2,095 | $2,095 | $2,200 | Unfurnished |
| 1 | 1 | 0 | — | $1,695 | $1,695 | $1,695 | Unfurnished |
| 1 | 2 | 1 | — | $1,995 | $1,995 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $2,095 | $2,095 | $2,200 | Unfurnished |
| 1 | 1 | 1 | — | $1,695 | $1,695 | $1,695 | Unfurnished |
| 1 | 1 | 1 | — | $1,595 | $1,595 | $1,695 | Unfurnished |
# of Buildings: 2
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 3
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
8.9x
List Price / Annual Gross Rent
Cap Rate
7.3%
NOI / List Price
Gross Scheduled Income: $228,060
Vacancy Allowance Rate: 5%
Operating Expense: $70,490
Net Operating Income: $147,607
Annual Operating Expenses
Electric: $626
Gardener: $6,500
Fuel: $626
Insurance: $12,273
Licenses: $1,080
Maintenance: $10,905
New Taxes: $25,375
Pest Control: $950
Professional Management: $10,905
Trash: $626
Water / Sewer: $626
Interior
Laundry: Common Area
Entry Location: Front
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 0
Uncovered Spaces: 2
Parking Total: 2
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7209017010
Additional Parcels: No
Tax Lot: 7
Tax Block: B
Subdivision: Wrigley Area (WR)
Community
Senior Community: No
Community Features: Urban
Nearby Schools
Nearby schools around the 1958 Pine, Long Beach, CA 90806. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,624,000
Total Interest
$2,071,322
Total Payment
$3,695,322
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,529
per month
Property History for 1958 Pine
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90806.
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